Plan Snapshot
- Plan Sponsor: Johnson Feed, INC.
- Sponsor EIN: 460325358
- Sponsor Address: 305 W INDUSTRIAL ROAD, CANTON, SD, 57013
- Plan Type: 401(k)
- Total Participants: 315
- Total Assets: $21.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 315 | $21.8M | $861,156 | $957,343 |
| 2023 | 303 | $20.6M | $849,618 | $941,088 |
| 2022 | 293 | $17.3M | $829,333 | $934,062 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIRST BANK & TRUST | Other Service Provider | $48,937 | — | $48,937 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,937
- Estimated Expense Ratio: 0.224% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $48,937 | — | $48,937 | — | — |
| 2023 | $45,238 | — | $45,238 | — | — |
| 2022 | $44,979 | — | $44,979 | — | — |